Form 4: Wheeler REIT Director Sells Preferred Stock

Wheeler Real Estate Investment Trust Director Kerry G. Campbell reported the disposition of Series D Cumulative Convertible Preferred Stock.

Summary

• Wheeler Real Estate Investment Trust, Inc. (WHLR) Director Kerry G. Campbell reported changes in beneficial ownership.
• On November 10, 2025, Mr. Campbell disposed of 679 shares of Series D Cumulative Convertible Preferred Stock at a price of $35.3367 per share.
• Also on November 10, 2025, Mr. Campbell disposed of an additional 1,062 shares of Series D Cumulative Convertible Preferred Stock at a price of $35.687 per share.
• Following these transactions, Mr. Campbell beneficially owns 0 shares of Series D Cumulative Convertible Preferred Stock.
• Mr. Campbell continues to beneficially own $100,000 in principal amount of the Issuer's 7.00% Senior Subordinated Convertible Notes due 2031.
• These Notes are convertible into approximately 57,394 shares of the Issuer's common stock at a conversion price of approximately $1.74 per share.

Sentiment

Score: 5

Explanation: A routine insider transaction report detailing the disposition of preferred stock and continued holding of convertible notes by a director, without indicating broader company performance or strategic shifts.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Director Kerry G. Campbell, an insider, disposed of Series D Cumulative Convertible Preferred Stock and holds 7.00% Senior Subordinated Convertible Notes due 2031.

Stakeholder Impact

• Shareholders: Awareness of a director's change in equity holdings. The director converted preferred stock holdings to zero, while maintaining a position in convertible notes.

Key Dates

Keywords

Wheeler Real Estate Investment Trust, WHLR, Form 4, insider transaction, beneficial ownership, preferred stock, convertible notes, Kerry Campbell